St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-12-30
THE COMMERCIAL RECORD.
During the Early Market Wheat and
Corn Had a Downward
Tendency.
Provisions Opened Strong and PorA
Advanced, But Later Sold
Off.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.
Special to the Globe.

CHICAGO, Dec. 29.-During the first hour
this morning May wheat ranged s5A@S5c,
and May corn 54ss@542ec, with inclinations
downwards in both. Trade was light. Wheat
was held at S5c by the privilege traders.
Cables were bullish, but the edge of the bull
ishness abroad seems to have been turned.
Some of the exporters report the receipt of
foreign buying orders for wheat however.
ProvisionSopened strong and pork advanced
to Sl5.65 for May, but it soon sold off to
S15.52l2. May lard was quoted early at
$s.171a, and May ribs at 81. 9O@7. 92la. Re.
ceipts of hogs to-day were only Ii, 900 head.
The excitement attendant on the dumping
of the Bloom pork has measurably died out.
The raiders were out in force. They filled
all the pits, one house sold 1,00O, O0G@1.-
500, 1000 bushels of corn, breaking May down
to sac. The decline brought out quite
budget of stop loss orders. The market was
somewhat narrow. and individual trading
exerted an important influence. May was
the weakest end of the market, cash grain be-
ing quite firm and in excellent request. Seller
the month was quoted at premium over
January, and No. 8 corn sold right along side
No. 2. There was plenty of fiat wheat to
go around, but in the cash market the grain
men experienced the same difficulty as in
get. The truth is, the legitimate situation is
hardening daily. The winter wheat mar
kets are strong and firm, New York ex-
cepted, and New York is depressed by free
offerings of the long futures.
MINNEAPOLIS IS TO-DAY
the strongest American market, having ad-
vanced relatively more than Chicago. Re-
ceipts at that point, which has the call on
oil do Gaa
with milling consumption and shipments.
In the local market the speculative feeling
was weak. May wheat ranged at s5A@S47sc,
but the price most of the time hung around
S5@s51se. The volume of trading was light.
The provision pit developed another sensa-
ton to-day. This was little one compared
with yesterdays sensation, but it was not a
baby deal by long Odds Bloom sold out his
lard and ribs, $1,000 tierces of the former
and 100000 lbs of the latter. using Tommy
Wells, Kirkwood's man, for the purpose.
Bloom allowed himself to be caught trying
to bull lard to sell on" and the crowd was
in state OF great glee at the manner in which
Tommy Wells slipped in and sold the market
from under the willy Hebrew, who could not
conceal his chagr1n. When Wells got through
he gave it out that for one day only he was
working for Bloom, and that he had been
dumping Blooms stuff. Again, for the
second time within two days, the crowd had
to admit that it had been sold, taken in, and
done for. The unloading of this line to-day
did not break the market to any appreciate
extent, the 1 o'clock closing range was firm
and above the bottom.
THE ROUTINE REPORT.
CHICAGO Dec 29.-The markets on change
to-day opened dull and uninteresting. The
4.
May corn, 54l2e; May pork, S15.5712. In
the first hour pork ran up to $1,000 and back
to SIS. 52l2, and at that figure there were
plenty of buyers. The fluctuations in May
wheat during this hour were between S5c
and S514c, ard May corn ran downward
from 54I2c to 54s4c. Later heavy selling in
wheat carried May down to S4s4c, but 1t
speedily advanced again to S476c and held
steadily around this figure. The ralying
price of corn was 54s4c. and the wheat was
heavy sales of lard which carried it down
from S1712 to $50. just before the close
of the morning session, there was little
bulge in wheat caused by free buying on the
part of local trader who had sold themselves
Short. Corn firmed up in sympathy.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2 January, opened at 1850,
closing at 7sIac; February, 797se.. closing
at 79Ac; March. a99s' closing at soc; May
COAC, ClOoihS az ~. SOiu ~. - OSSSHA
Der opened at 49Ac. closing at 49lac;
January, 1890, closing at 49Ac; February,
1885, closing at 49asc; May, 5412c, closing
at 54Iae Oats-No. 2 January opened at
Sic; February. SIC; May. 341sc, closing at
34ssc Mess Pork, per bbl-January opened
at Sl4 97Ia, closing at S15.05 May, $15.57l2,
closing at SIS 65. LARD, per 100 lbs-Jan-
uary opened at $7.S242. closing $7.75; Feb
ruary, S7.92I2, closing at S7.S5; March, So,
closing at $685. May, $S.l712, closing at
SO. I2l2. Short Ribs. per 100 lbs-JGnuary
opened at S7.6742 eosing at $6,7 February,
So. 92l2, closing at 81. 95; March, 81. 9212. clos
ing at S795; May, $50, closing at 1918.
Cash Quotations were as follows: Flour
unchanged. Wheat.No; 2 spring, 777s@
Use; No. 3 spring, 65@69c No. red, Sic.
Corn-No. 2. 4915049Ac. Oats--No.2, 31Q
31Ac Rye-No. 2, 62c. Barley-No. 2,
72MSOc Flax Seed-No. l, S1.33l2.
Prime timothy seed, S2.39. Mess pork, per
Dbl, S14.9O@15. Lard, per 100 lbs,
s7.72ls7.75. Short rib sides doosel, $40.
Dry sailed shoulders. boxed, SIS. 9O@6.
Short clear sides, boxed, $8.05@S. 10.
Whisky-Distillers' finished goods, per gal
lon. Sl1O. Receipts-Flour, $4,000 bbls;
wheat &C, 900 bu; corn, 124. 900 bu; oats,
10000 bu; rye, 5000 bu; barley, $4,000
bu. Shipments-Flour, 43, 900 bbls; wheat.
$4,000 bu; corn, 1913, 900 bu: oats, $4,000
bu; rye, 5000 bu; barley, $4,000 Blu. On
the produce exchange to-day the butter
market was.quiet; fancy creamery 3OG31c;